dentalcorp (TSE:DNTL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

dentalcorp (TSE:DNTL) had its price target increased by stock analysts at Canaccord Genuity Group from C$12.25 to C$12.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 53.75% from the stock’s current price.

A number of other brokerages have also commented on DNTL. CIBC raised their price objective on dentalcorp from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Monday. Desjardins set a C$12.00 price target on shares of dentalcorp and gave the stock a “buy” rating in a research note on Thursday, December 12th. National Bankshares set a C$15.00 price objective on dentalcorp and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, TD Securities set a C$12.00 target price on dentalcorp and gave the stock a “buy” rating in a research report on Thursday, December 12th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$11.80.

dentalcorp Price Performance

Shares of DNTL traded up C$0.36 during midday trading on Monday, reaching C$8.13. The stock had a trading volume of 258,100 shares, compared to its average volume of 188,550. The firm’s 50 day moving average price is C$7.71 and its 200-day moving average price is C$8.39. dentalcorp has a 52 week low of C$6.01 and a 52 week high of C$10.50. The company has a market capitalization of C$1.53 billion, a P/E ratio of -18.90, a P/E/G ratio of -2.69 and a beta of 1.26. The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04.

Insider Activity at dentalcorp

In other news, Director Robert Thomas Wolf bought 10,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of C$8.20 per share, for a total transaction of C$82,000.00. 0.16% of the stock is owned by corporate insiders.

About dentalcorp

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.